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We study the demand response to nonlinear price schedules using data on insurance contracts and prescription drug purchases in Medicare Part D. We exploit the kink in individuals’ budgets set create...
We revisit two well-known facts regarding life cycle expenditures: the “hump”-shaped profile of nondurable expenditures and the increase in cross-household consumption inequality. We document th...
The global financial crisis, beginning in 2008, took an historic toll on national economies around the world. Following equity market crashes, unemployment rates rose significantly in many countries: ...
This paper explores how the optimal mode of public finance depends on the level of economic development. The theoretical analysis suggests that in the presence of capital market imperfection and liqui...
This paper investigated the relationship between health care expenditures and economic growth in Nigeria.
This work presents a comprehensive study of the evolution of the expenditure distribution in In-dia. The consumption process is theoretically modeled based on certain physical assumptions. The propose...
Previous authors have documented a dramatic decline in food expenditures at the time of retirement. We show that this is matched by an equally dramatic rise in time spent shopping for and preparing me...
Trade liberalization will influence many aspects of the South African economy. First among these will be the effect of liberalization on income distribution, as jobs are created and wages respond to c...

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